Europe is now the world’s third largest region by B2C E-Commerce sales, following North America and Asia. While non-cash payment methods, especially credit cards, dominate in the Western sub-region, cash on delivery and various alternative methods are most used in Eastern European countries but, the potential for mobile payments growth is real..
Atlanta-based MobileRecharge.com has launched MobileRecharge, an app for iOS and Android devices. The app is free to download on App Store and Google Play.
TX-based Mozido, a cloud platform mobile payments and retail engagement solutions provider, has acquired the majority ownership in SK C&C USA dba CorFire, a U.S.-based mobile commerce company previously wholly-owned by South Korean IT services provider SK C&C.
Europe’s largest online market, the UK, was dominated by credit and debit cards in terms of payment methods in 2014, while a quarter of online shoppers dropped the purchasing process if their preferred payment method in not offered.
San Francisco area – based Feedzai has inked a new customer in Brazil. The new customer in Brazil can handle more than 10,000 transactions per second and is licensed by both Visa and MasterCard.
Los Angeles-based Mandalay Digital Group has purchased Xyo’s app search engine and contextual advertising technologies. Xyo co-founders Zoe Adamovicz and Marcin Rudolf will join the Digital Turbine team.
Amsterdam-based Adyen has nabbed a former Ingenico top executive to head its POS business. Jean-Marc Thienpont will serve as Managing Director, Point-of-Sale Solutions, in a newly created Adyen role.
Carrier billing mobile payments specialist, Boku, is hoping to take it e-Money to a new level with a new initiative with major U.K. Mobile Network Operators (MNOs). Under hopeful EU re-regulation MNOs will be able expand carrier billing to general purpose purchasing.
mopay announced its entry into the Indian market with an HTML5 in-app billing solution. The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its award -winning direct carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States. Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services.
MasterCard announced today that, over a one year period ending December 2013, it has grown its contactless footprint in Europe by expanding the number of countries where contactless cards are accepted: contactless is now available in 63 countries worldwide, and in 34 countries in Europe including 7 new countries in 2013: Azerbaijan, Finland, Ireland, Macedonia, Moldova, Montenegro and the Netherlands. MasterCard® and Maestro® contactless cards or devices have been issued by more than 220 financial institutions in Europe and can be used at almost 2 million merchant locations worldwide, representing more than a 180% year-on-year increase.
Vodafone and Visa launched the Vodafone Wallet and Visa SmartPass service. The agreements increase the reach of V.me by Visa and as a result, Visa expects many more retailers to have access to V.me and be capable of processing transactions by the end of 2014. SmartPass is the first service to offer consumers in the Netherlands the chance to make secure, easy contactless payments using their mobile phone. The service will work on any contactless payment terminal in Europe that displays the V PAY logo. Users will also be able to transfer money to each other’s SmartPass accounts using the service. The Vodafone SmartPass payment service has been developed with Visa and is based on a prepaid Visa solution. For transactions under €25, customers can pay easily and conveniently by simply touching their mobile phone to a contactless terminal showing the V PAY logo. For transactions over €25 the customer will be invited to enter a passcode to verify their purchase.
Richard Wagner, CEO of Advanced Payment Solutions (APS) will chair the prestigious Mobile Money & Wallet Summit 2014, a two-day event in London on 18th and 19th March for the mobile money wallet ecosystem. The summit comes at a time when big questions are being asked about the future of mobile technology in money and banking. With the near-collapse and scandal surrounding the crypto-currency BitCoin, and a huge rise in contactless payment systems, the mobile payments’ industry now faces tough questions and challenges. APS has recently been recognised as one of the London Stock Exchange’s 1,000 companies to inspire Britain. In ten years, Richard has built APS up to be one of the most awarded electronic banking providers in Europe providing smart, fast, digital and mobile solutions which make it simple to send and receive payments.